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Water-Soluble Vitamin and Mineral Feed Supplements Market to Surge to USD 8.82 Billion by 2032, Propelled by Increased Livestock Nutritional Awareness

07-02-2024 04:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Dataintelo

/ PR Agency: Dataintelo
Dataintelo

Dataintelo

Dataintelo's latest report reveals that the global Water-Soluble Vitamin and Mineral Feed Supplements market size was USD 4.71 billion in 2023 and is projected to reach an impressive USD 8.82 billion by 2032. This rise signifies a Compound Annual Growth Rate (CAGR) of 7.3% during the years 2024-2032. The visible spike is primarily attributed to heightened awareness about the nutritional requirements of livestock worldwide.

Educational campaigns and industry awareness efforts about the nutritional necessities of livestock have been the primary drivers behind the emergence and growth of the water-soluble vitamin and mineral feed supplements market. As the global consumer demand for meat and dairy products continues to grow, livestock producers have begun to prioritize the improvement of animal health and productivity.

This shift in focus illuminates the necessity for high-quality feed supplements that can deliver essential nutrients effectively. The role of water-soluble vitamins and minerals proves to be significant here, as they are crucial for an array of animal health aspects. These elements work as functional contributors towards metabolic processes, disease resistance, and overall growth in animals.

Hence, the rise in the meat and dairy product markets directly influences the grow in feed supplement market. With an increased understanding of livestock nutritional requirements and better availability and production of supplements, the market is anticipated to exhibit robust growth till 2032

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/100668

๐“๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ง๐ ๐œ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ:

The water-soluble vitamin and mineral feed supplements market has been segmented on the basis of๐•๐ข๐ญ๐š๐ฆ๐ข๐ง ๐“๐ฒ๐ฉ๐ž
โ— Vitamin B Complex
โ— Vitamin C
โ— Others

๐‹๐ข๐ฏ๐ž๐ฌ๐ญ๐จ๐œ๐ค
โ— Poultry
โ— Swine
โ— Ruminants
โ— Aquaculture
โ— Others

๐Œ๐ข๐ง๐ž๐ซ๐š๐ฅ ๐“๐ฒ๐ฉ๐ž
โ— Magnesium
โ— Phosphorus
โ— Calcium
โ— Potassium
โ— Sodium
โ— Iron Zinc
โ— Others

๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ
โ— Direct
โ— Indirect

๐‘๐ž๐ ๐ข๐จ๐ง
โ— Asia Pacific
โ— North America
โ— Latin America
โ— Europe
โ— Middle East & Africa

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ
โ— ๐€๐๐ข๐ฌ๐ฌ๐ž๐จ
โ— ADM
โ— Alltech
โ— BASF
โ— ๐ƒ๐‹๐†
โ— DSM
โ— InVivo
โ— Kemin Industries, Inc.
โ— Lonza
โ— Nutreco



Segment Analysis

The segments of the water-soluble vitamin and mineral feed supplements market can be categorized by vitamin type, livestock, mineral type, and distribution channel. The vitamin type segment includes; Vitamin B Complex, Vitamin C, among others. The supplements provide various health benefits, such as improved metabolism, bone health, and enhanced immunity. As such, they are gaining popularity in animal feed additives. By livestock, the market is branched into poultry, swine, ruminants, aquaculture, among others. These supplements have become an integral part of the diet for livestock to prevent diseases and improve their overall health. In terms of mineral type, it includes; magnesium, phosphorous, calcium, potassium, sodium, iron zinc etc. Minerals are an essential part of animal nutrition and play a vital role in the digestive, reproductive, and immune system of livestock. Lastly, on the basis of the distribution channel, the water-soluble vitamin and mineral feed supplements market is divided into direct and indirect channels.

Regional Analysis

From a geographical perspective, the water-soluble vitamin and mineral feed supplements market is divided into regions such as the Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa. Among these areas, Asia Pacific is anticipated to lead the market owing to the high demand for animal-based products, resulting in an increased need for feed supplements for enhanced productivity. On the other hand, North America and Europe are expected to register significant growth due to the rising awareness about animal health and nutritional benefits of these supplements. Meanwhile, the market in Latin America, Middle East, and Africa are likely to show moderate growth, owing to the ongoing developments in the livestock sector. Key players in this market include Adisseo, ADM, Alltech, BASF, DLG, DSM, InVivo, Kemin Industries, Inc., Lonza, and Nutreco, to name a few. These players are adopting different business strategies to strengthen their market position

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐Ÿ๐ซ๐ž๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/100668

Market Drivers for Water-Soluble Vitamin and Mineral Feed Supplements Market:

1. Rising concern about livestock health: As people become more conscious about the health of their livestock and the quality of animal products such as milk, meat, and eggs, the demand for high-quality feed supplements increases. This consciousness is one of the main drivers boosting the growth of the water-soluble vitamin and mineral feed supplements market.

2. Increased Demand for Protein-Rich Diets: With more people becoming inclined towards protein-rich diets, there has been a surge in the consumption of animal-based products which has led to a consequent rise in the demand for water-soluble vitamins and minerals for animals.

3. Supportive Government Regulations: Government regulations also play a significant role in driving the market. The Food Safety Modernization Act aims at protecting public health by ensuring the safety of the animal feed

4. Increased Industrial Livestock Production: The rapid growth of industrial animal farming to cater to the global meat and dairy demand has led to an increased requirement for vitamin and mineral feed supplements.

Opportunities for Water-Soluble Vitamin and Mineral Feed Supplements Market:

1. Developing economies: Countries like India, China, Brazil are promising markets for water-soluble vitamins and minerals as these countries are experiencing a shift in dietary patterns including a higher intake of animal protein.

2. Innovation and Research: There is an extensive scope for innovation and research in this field. Manufacturers can focus on developing effective, low cost, and environment-friendly feed supplements.

3. Organic livestock farming: With an increase in organic livestock farming, there are immense opportunities for the growth of the water-soluble vitamin and mineral feeds supplement market as organic farming requires animals to be reared in conditions akin to their natural habitat, which boost their need for nutrient-rich diet.

4. Increasing aquaculture production: The boost in the aquaculture industry is another opportunity for the vitamin and mineral feed supplement market as these supplements are extensively used to ensure the health of the fish, improving their resistance against diseases and enhancing their growth

๐˜๐จ๐ฎ ๐œ๐š๐ง ๐๐ข๐ซ๐ž๐œ๐ญ๐ฅ๐ฒ ๐›๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐ซ๐จ๐ฆ: https://dataintelo.com/checkout/100668

This report should be purchased by business corporates, decision-makers, researchers, analysts, strategic planners, industry leaders, and executives who wish to understand market scenarios, business strategies, and key growth factors.

Dataintelo is a prominent market research firm known for its accurate, precise, and comprehensive research reports. It provides a variety of business services, including but not limited to competitor analysis, strategic business-planning processes, market segmentation, and market growth analysis.

Advantages of Dataintelo:

1. Detailed Insight: Dataintelo provides in-depth market research with qualitative and quantitative aspects. This helps businesses gain a deeper understanding of their respective markets which can guide their decision-making processes.

2. Accuracy: They are known for their accurate, validated, and reliable market research reports which can reduce the risks of making misinformed business decisions.

3. Expert Analysis: Dataintelo has a team of expert analysts who monitor market trends and dynamics constantly, ensuring up-to-date information.

4. Customization: They offer customized reports as per the specific needs of customers, making the data more relevant and useful for the clients.

5. Excellent Customer Service: Dataintelo is committed to achieving customer satisfaction. They provide excellent customer service and are always available to answer queries or provide assistance.

6. Comprehensive Coverage: They cover a wide array of industries and markets worldwide, providing a diverse range of reports for companies to choose from

Contact Us :
Dataintelo
Name - Alex Mathews
Phone No.: +1 909 414 1393
Email - sales@dataintelo.com
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๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐œ๐š๐ง ๐›๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐š๐ฌ ๐ฉ๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐ž๐ž๐.

๐„๐ฆ๐š๐ข๐ฅ ๐ฎ๐ฌ ๐จ๐ง - ๐ฌ๐š๐ฅ๐ž๐ฌ@๐๐š๐ญ๐š๐ข๐ง๐ญ๐ž๐ฅ๐จ.๐œ๐จ๐ฆ

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